Key Developments: Seek Ltd (SEK.AX)
Latest Key Developments (Source: Significant Developments)
SEEK Ltd announced that it has entered into a share purchase agreement (the transaction) to increase its ownership stake in Zhaopin via a sell down of shares from Macquarie and other individual shareholders. The increase of its ownership stake in Zhaopin Limited (Zhaopin) from 55.5% to 72.3% to 79% (both undiluted equity interests). Full Article
SEEK Ltd announced that Australian Super Pty Ltd has an interest of 18,033,317 ordinary shares, which represents 5.09% of voting power in SEEK Ltd. No further consideration disclosed. Full Article
SEEK Ltd announced that Australian Super Pty Ltd has ceased to be substantial shareholder of the Company. Earlier, Australian Super Pty Ltd had 5.00% interest of voting power in the Company. Full Article
SEEK Ltd announced that its Chairman, Mr. Bob Watson will retire from the SEEK Board on November 29, 2012. Mr. Neil Chatfield, who has been a non-executive director since 2005, would become its new Chairman. Full Article
SEEK Ltd announced that Australiansuper Pty Ltd has acquired 16,865,855 ordinary shares, representing 5% of the voting power in the Company. Full Article
SYDNEY, Aug 20 - Seek Ltd, Australia's largest jobs website by clicks, said on Wednesday its annual net profit before exceptional items rose 27 percent, just missing analyst expectations, as it expanded its business and market conditions improved.